De Beers Cycle 1, 2019 valued $505mn
The
Sight remains lower to previous & YoY
De
Beers Group announced the value of rough diamond sales (Global Sightholder
Sales and Auction Sales) for the first sales cycle of 2019. Bruce Cleaver, CEO,
De Beers Group, said: “Rough diamond sales during the first sales cycle of 2019
were lower than those for the equivalent period last year, reflecting higher
than normal sales in the previous cycle (cycle 10 2018) and the slow movement
of lower value rough diamonds through the pipeline.”
|
Sight
|
Cycle 1 2019(1)
(provisional)
|
Cycle 10 2018(2)
(actual)
|
Cycle 1 2018
(actual)
|
|
Sales value(3)
|
$505m
|
$544m
|
$672m
|
Note of the Table:
1: Cycle 1 2019 provisional sales value
represents sales as at 28 January 2019.
2: Cycle 10 2018 actual sales value is restated
following the earlier publication of a provisional figure for the tenth sales
cycle of 2018.
3: Sales values are quoted on a
consolidated accounting basis. Auction Sales included in a given cycle are the
sum of all sales between the end of the preceding cycle and the end of the
noted cycle.
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